Related Party Transactions

3 Months Ended

Mar. 31, 2020

Related Party Transactions

Related Party Transactions

13.          Related Party Transactions

The Company recorded other income of $131,000 and $165,000 for the three months ended March 31, 2020 and 2019, respectively, under service contracts with a stockholder. The Company had a receivable from the stockholder at March 31, 2020 and December 31, 2019 of $2,000 and $121,000, respectively.

The Company recorded expense of $432,000 and $381,000 during the three months ended March 31, 2020 and 2019, respectively, related to intellectual property and other legal services performed by a related party. The Company owed $355,000 and $69,000 to the related party at March 31, 2020 and December 31, 2019, respectively.

The Company recorded expense of $495,000 and $370,000 during the three months ended March 31, 2020 and 2019, respectively, related to legal services performed by a related party. The Company owed $240,000 and $186,000 to the related party at March 31, 2020 and December 31, 2019, respectively.

The Company recorded research and development expense of $75,000 and $106,000 during the three months ended March 31, 2020 and 2019, respectively, under consulting agreements with two members of the Company’s board of directors.  On August 22, 2019, one of the two members provided the Company with notice of his resignation from the Company’s Board of Directors. The Company owed $75,000 and $73,000 to the members of the Company’s board of directors at March 31, 2020 and December 31, 2019, respectively.